Innodata Inc. (NASDAQ:INOD) Holdings Raised by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of Innodata Inc. (NASDAQ:INOD - Free Report) by 41.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,307 shares of the technology company's stock after acquiring an additional 13,518 shares during the quarter. American Century Companies Inc. owned about 0.16% of Innodata worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Innodata by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 613,748 shares of the technology company's stock worth $10,294,000 after buying an additional 13,609 shares in the last quarter. State Street Corp boosted its stake in shares of Innodata by 1.8% during the third quarter. State Street Corp now owns 537,301 shares of the technology company's stock valued at $9,011,000 after acquiring an additional 9,408 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Innodata by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 76,954 shares of the technology company's stock worth $1,291,000 after purchasing an additional 1,843 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Innodata by 30.7% in the 4th quarter. Bank of New York Mellon Corp now owns 72,226 shares of the technology company's stock valued at $2,854,000 after purchasing an additional 16,961 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Innodata in the 4th quarter valued at about $2,328,000. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Innodata news, COO Ashok Mishra sold 48,650 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $65.07, for a total transaction of $3,165,655.50. Following the completion of the sale, the chief operating officer now owns 60,000 shares in the company, valued at $3,904,200. This trade represents a 44.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marissa B. Espineli sold 30,000 shares of Innodata stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $65.09, for a total value of $1,952,700.00. Following the sale, the chief financial officer now owns 18,000 shares in the company, valued at $1,171,620. This represents a 62.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 275,427 shares of company stock worth $17,790,794 over the last quarter. 15.23% of the stock is owned by corporate insiders.

Innodata Trading Up 0.3 %

NASDAQ:INOD traded up $0.11 during trading hours on Friday, reaching $37.09. 950,212 shares of the company were exchanged, compared to its average volume of 1,273,927. Innodata Inc. has a 52-week low of $5.46 and a 52-week high of $71.00. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 43.64 and a beta of 2.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a 50 day simple moving average of $44.93 and a 200 day simple moving average of $37.18.

Innodata (NASDAQ:INOD - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.20. Innodata had a net margin of 16.81% and a return on equity of 66.36%. The firm had revenue of $59.18 million for the quarter, compared to analysts' expectations of $53.01 million. As a group, analysts predict that Innodata Inc. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INOD. BWS Financial boosted their price objective on shares of Innodata from $45.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Wedbush assumed coverage on Innodata in a report on Thursday, December 19th. They issued an "outperform" rating and a $48.00 price target for the company. Finally, Maxim Group raised their price objective on Innodata from $54.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.00.

Innodata Company Profile

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.